Stocks in the US swung between small gains and losses on Tuesday as traders continue to follow the latest trade developments. Investors found some relief in the extended timeline for negotiations, as the new tariffs are not set to take effect until August 1st, allowing more time to reach agreements. However, President Trump said that no extensions will be granted. The Trump administration had announced revised tariff rates on 14 countries that have yet to reach trade agreements with the US, including a 25% levy on Japan. Reports also indicated that the US has proposed a deal to the EU that would retain a 10% baseline tariff. The utilities sector was the biggest laggard while energy outperformed. On the corporate front, Tesla shares rose nearly 2.5%, rebounding after a 6.8% decline on Monday. Other megacaps were mixed, with Nvidia (+0.6%) booking gains while Microsoft (-0.4%), Apple (0.5%), Amazon (-1.3%), Meta (-0.2%), Broadcom (-0.1%), and Alphabet (-0.8%) traded in the red.